Laurentian Bank of Canada (TSE:LB – Get Rating) – Research analysts at Cormark cut their Q2 2023 earnings estimates for Laurentian Bank of Canada in a note issued to investors on Tuesday, May 23rd. Cormark analyst L. Persaud now expects that the company will post earnings per share of $1.15 for the quarter, down from their previous estimate of $1.16. The consensus estimate for Laurentian Bank of Canada’s current full-year earnings is $4.74 per share. Cormark also issued estimates for Laurentian Bank of Canada’s FY2023 earnings at $4.83 EPS and FY2024 earnings at $5.10 EPS.
Laurentian Bank of Canada (TSE:LB – Get Rating) last issued its quarterly earnings data on Tuesday, February 28th. The company reported C$1.15 EPS for the quarter, topping analysts’ consensus estimates of C$1.12 by C$0.03. Laurentian Bank of Canada had a net margin of 22.90% and a return on equity of 8.15%. The business had revenue of C$260.07 million during the quarter, compared to analysts’ expectations of C$259.00 million.
Laurentian Bank of Canada Stock Down 0.4 %
Shares of TSE:LB opened at C$30.33 on Wednesday. The firm has a fifty day simple moving average of C$31.53 and a two-hundred day simple moving average of C$32.94. The stock has a market capitalization of C$1.32 billion, a P/E ratio of 6.28, a PEG ratio of 0.76 and a beta of 1.15. Laurentian Bank of Canada has a 52 week low of C$28.23 and a 52 week high of C$43.32.
Laurentian Bank of Canada Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, May 1st. Stockholders of record on Monday, May 1st were given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 6.07%. The ex-dividend date was Friday, March 31st. Laurentian Bank of Canada’s payout ratio is currently 38.10%.
About Laurentian Bank of Canada
Laurentian Bank of Canada, together with its subsidiaries, provides various financial services to personal, business, and institutional customers in Canada and the United States. It operates through three segments: Personal Banking, Commercial Banking, and Capital Markets. The Personal Banking segment offers financial services, such as financial advisory services to financial intermediaries; and operates digital direct-to-customer platform to retail clients.
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